Financial and Banking News
KIO Clears Spanish Bank Merger
Spain's biggest bank merger went ahead last week when the Kuwait InvestmentOffice (KIO) together with is local partner raised no objections to the plan.The KIO/Construcciones y Contratas blessing was required because their jointventure, Cartera Central, owns 12.25% of Banco Central, which has merged withBanco Espanol de Credito (Banesto) to form Banco Espanol Central de Credito. Themerger...
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